Bank of Botetourt announces first quarter financial results and quarterly cash dividend

BUCHANAN, Va., April 30, 2026 /PRNewswire/ -- Buchanan-based Bank of Botetourt (OTCID: BORT and BORTP) announced today its unaudited financial results for the three months-ended March 31, 2026. The Bank produced net income amounting to $3,086,000 or $1.50 per basic share in the first quarter. This amount compares to net income of $2,044,000 or $0.98 per share, for the same period last year.

The Board of Directors voted to pay the 7.00% preferred dividend, which calculates to $0.49 per share on May 8, 2026, to preferred shareholders of record May 1, 2026.  Furthermore, the Board of Directors voted to pay the $0.25 per share quarterly dividend, or $1.00 per share annualized, which is payable on May 15, 2026, to common shareholders of record May 8, 2026. President & CEO, Michelle Austin stated, "We reported strong first quarter earnings, reflecting the strength of our core banking franchise, disciplined financial management, and consistent execution of our strategic priorities. These results underscore our ability to perform well while maintaining a conservative approach to growth and risk.  Our success is driven by the dedication of our employees, whose commitment to our customers and communities continues to differentiate our organization. As we move forward, we remain focused on building long-term shareholder value while staying true to our mission of serving the communities in which we operate through sound banking practices and local engagement."

First Quarter 2026 Highlights

Income Statement

Balance Sheet and Asset Quality

Capital

As of March 31, 2026, Bank of Botetourt reported its CBLR ratio at 10.56% which meets the required regulatory minimum ratio. This compares to a CBLR ratio of 10.42% at December 31, 2025.

About Bank of Botetourt

Chartered in 1899, Bank of Botetourt is a full-service community bank serving customers through fourteen retail offices across Botetourt, Franklin, Roanoke, and Rockbridge counties, as well as the Cities of Roanoke and Salem and the Towns of Vinton and Rocky Mount in Virginia. The Bank also operates Virginia Mountain Mortgage, its residential lending division, and Botetourt Wealth Management, offering financial planning and investment services. Recognized by Forbes as a multi-year top-ranked bank in Virginia, Bank of Botetourt continues to build on its long-standing tradition of service, strength, and local commitment.

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SOURCE Bank of Botetourt